Market Order


A market order in cryptocurrency is a type of order where a trader instructs an exchange to immediately buy or sell a cryptocurrency at the best available current market price

As market orders prioritise speed of execution over price, this means the order will be executed promptly, typically within seconds, at the prevailing market rates. The trader accepts the current market conditions for the sake of immediate transaction completion.

Key Takeaway

A market order is where a trader instructs an exchange to immediately buy or sell a cryptocurrency at the best available current market price.

Related Words